In light of the repercussions of the pandemic, Maait said that the gross domestic product’s (GDP) growth rate during FY 2021/2021 is estimated to increase 5.4%
“Egypt is moving ahead with its structural reforms to improve the atmosphere of doing business and attract more foreign investors ...” Maait said
The new tax came into force last Thursday on June 3rd
The global minimum tax could discourage multinational companies from avoiding taxes by stashing profits in low-rate countries or tax havens
Including more than 5 articles on the definition of financiers and taxpayers’ rights at the Tax Authority, the new law aims to streamline and automate procedures for assessing and collecting taxes
